Lapis Software Associates Announces the Sale of gemTrust™

Products

Lapis Software Associates, LLC announced the sale of its gemTrust™product line to Spectra Systems Corporation. gemTrust is a software product that provides lotteries with internal control systems, commonly referred to as “ICS” for balancing game accounting for lottery games prior to drawings.

“The sale of gemTrust will support our increased investments in solutions that help lotteries grow”, said Jean Lombard, President of Lapis. “We are focused on leveraging our experience working with lotteries and gaming system vendors to deliver more flexible and intelligent software applications that are easier to implement, support and enhance.”

Lapis recently announced the introduction of the gemIntelligence™ suite of applications for lottery sales force automation and retailer information. gemIntelligence offers lotteries and their retail enterprise a suite of office and mobile software applications that work seamlessly together. gemIntelligence combines a retail portal customized for direct access by retailers and tools for lottery employees to improve the delivery and consumption of the same information wherever and whenever lottery reps need it. The Pennsylvania Lottery is implementing gemIntelligence to support over 9000 retailers and 100 field based representatives.

“We view the sale as a win-win for the lottery industry. With Spectra the industry gains a solid new vendor with deep experience in highly secure systems and Lapis benefits with increased specialization on business-critical solutions and web applications that will drive retailer effectiveness and sales growth” said Jean. “Lotteries and gaming system vendors also gain the benefit of our deep IT background to make conversions, integration and support easier and more cost effective. Improved retail intelligence is an exciting opportunity for all stakeholders in increasing lottery revenues and returns to good causes.”

gemIntelligence is the latest module in the gemEnterprise™ suite of software applications that are specialized for the lottery industry such as gemView™, a lottery executive and management decision dashboard. Lapis’s gemBackOffice™ is a complete lottery back office application that integrates with all lottery systems and provides an independent and highly customizable solution for all back office and accounting functions.

“As a company with significant background and experience in real time security and control systems, we recognized the quality of Lapis’s software products, and the proven track record of gemTrust”, said Nabil Lawandy, CEO of Spectra Systems Corporation. “We look forward to serving their customers and the lottery industry”.

About Lapis

Since 1994, Lapis has provided the global lottery industry with a wide range of information technology products and services spanning point of sale device software, communications, gaming transaction systems, back-office software solutions, mobile applications and other automation solutions. Solutions and services from Lapis support some of the largest lottery operations, generating billions of dollars worldwide, while giving clients a trusted partner for innovations that work in the unique environments of regulated gaming.

For more information contact info@gementerprise.com or call +1 973 884 4006 (Ext. 35)

About Spectra

Spectra Systems, headquartered in Providence, RI, is a leading provider of machine-readable banknote authentication technology and transaction security software with manufacturing and engineering facilities in East Providence, RI and Vancouver, BC Canada.  Spectra Systems is a traded company on the London Stock exchange since July of 2011.

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